Dean Clarke on the CCS "the transition has not been easy, with the new government system experiencing technical issues and delays, while families worked their way through the methodology of the new Activity Test and the shift to the fortnightly entitlement structure. Whilst it can be said the majority of families have benefited from the new subsidy, it's clear that families at the low end of the activity scale have been adversely impacted".
"Mayfield has seen occupancy soften in the month of July reflecting the uncertainty and confusion around the CCS, but as we work our way out of the transition period, and the flexible session strategy gains traction, we are seeing a noticeable recovery".
IMO it will take time to settle families into the new system and ten days into a new month is still too early to call a 'noticeable recovery'.
Their occupancy levels are reported as "in line with the prior first half".
GC has promised a detailed update on how G8 are tracking in the early stages of the new funding package, when they deliver their results this month.
IMO & DYOR
GEM Price at posting:
$2.33 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)